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Business

Shares are trading higher after a negative start to the week




Visitors stand in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, Monday, Nov. 30, 2020.

Toru Hanai | Bloomberg via Getty Images

Shares in the Asia-Pacific were mixed on Tuesday after sharp falls on Monday.

Japan̵[ads1]7;s Nikkei 225 rose 0.61%, and the Topix index rose 0.7%. In Australia, the S&P/ASX 200 rose 0.25%. The Shanghai Composite in mainland China rose 0.26% and the Shenzhen component was 0.314% higher.

South Korea’s Kospi struggled for direction and last lost 0.62%, while the Kosdaq fell 0.74%. In Hong Kong, the Hang Seng Index lost 1.06%, while the Hang Seng Tech Index fell 1.7%.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.29%. China’s industrial profits for January to August fell 2.1% from the same period a year ago, official data showed.

Overnight in the US, major stock indices fell. The S&P 500 fell 1.03% to 3,655.04, a new low for 2022. The Dow Jones Industrial Average fell into a bear market after it lost 329.60 points, or 1.11%, to 29,260.81. The Nasdaq Composite fell 0.6% to 10,802.92.

“The sell-off in bonds and shares continued as sterling’s weakness highlighted the fragility of markets to political uncertainty,” ANZ Research analysts wrote in a note on Tuesday, a day after sterling hit a record low.

— CNBC’s Sarah Min and Tanaya Macheel contributed to this report.



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